From: halloranc, panama city, panama Is there any truth to this article at ALL? If the Trump Ocean club's only problem were inventory, why did they need to issue a bond in order to continue construction, while other projects met their pre-sale requirements and built with bank loans? I really hope the Trump project works, as it is the canary in the coal mine. If it fails, there will be a lot of trouble for the rest of Panama City's high end real estate projects. Worse, it may poison the water for future large-scale developments. But then again, maybe that's just what Panama needs? |